Microsoft is forming a new group focused on developing AI apps and providing tools for third-party customers, the company announced Monday.

India-West Staff Reporter SEATTLE, WA – Microsoft is pushing forward its AI initiatives, with CEO Satya Nadella announcing that Jay Parikh will join the company’s senior leadership team. Parikh, formerly the global head of engineering at Facebook (now Meta) and most recently CEO of Lacework,

The Microsoft CEO's claim about not being “chip constrained” has adversely affected investor sentiment for Nvidia. However, this development can prove beneficial for another high-flying semiconductor stock.